REPORT: 83% of Kenyans are happy with mobile loan apps

Microloans are small loans offered to people over a shorter period of time, typically without providing any form of security for the lender and often without requiring a credit history from the recipient. They are very similar to credit cards, but are more widely available, especially in markets where a majority of the population is underbanked. People in such markets often don’t have bank accounts or the ability to get a credit card. In recent years, the growth of the internet and easier access to smartphones have been great for…

Guinness Night Football champion to compete in continental fete

Edward Kamiru to participate in Pan-African championship in Lagos, Nigeria, after winning against 20 competitors in a Guinness Night Football Goal Challenge tournament competition. The win came after he knocked out Jeff Wachira, Enoch Kibet and Dennis Mwandikwa in the finals. The Guinness Pan-African championship will take place on 31st January 2020 which will be hosted by Guinness ambassador and football legend, Rio Ferdinand. Guinness consumers were tasked to recreate the best of premier league goals scored by English Premier League players where participants were required to hit the target…

Co-operative bank to sponsor about 655 needy students

By Dennis Muritu Co-operative bank will this year sponsor about 655 needy students from across the country through its scholarship program. This is after the lender’s board of directors announced the selection of the beneficiaries of this year’s Co-operative Bank Foundation Scholarship Scheme. Of the 655 new scholarships to Form One students, 420 were identified by the bank’s Regional Delegates’ Forums and the remaining 235 scholarships, at 5 per county,awarded by County Governments in all the 47 counties, the bank’s Group Managing Director & CEO Dr. Gideon Muriuki said. “Our…

INVESTMENT IN E-COMMERCE SPACE PROMOTES GROWTH OF SMEs IN KENYA

Ebrima Fatty CEO Africa Sokoni and Michael Tokunbo Orimobil CEO Bolorims.com sign an agreement which will see AfricaSokoni operate as Bolosokoni in the Nigerian Market. Africa Sokoni signs a partnership with Bolorims.com from Nigeria an e-commerce platform as they celebrate their second anniversary. This partnership is an expansion strategy considering the unprecedented growth of SMEs and the urge to reach a wider customer base through online stores. A joint report by the Communications Authority of Kenya and the Kenya National Bureau of Statistics established that about 27% of Kenyans sold…

SONKO WOES PERSISTS AS ACTING COUNTY SECRETARY TAKES MANTLE

Acting county secretary leboo ole morintat during cabinet meeting Cityhall  photo/Samson wire By Samson wire Things have not been rosy at the county 047 after the county boss was barred by the courts from stepping into his office by the charges from DPP. The embattled Nairobi Governor Mike Sonko was arraigned in Court and Charged with Nineteen Counts by DPP over 357million corruption related cases. Operations at City hall has been slow which skeptics alluding to the fact there has been power vacuum created after The Charges bared Sonko from…

A faster, simpler way to buy airtime and pay electricity bills

You can now be able to buy airtime and Electricity tokens by just sending a message to a toll-free shortcode 40512, Purchasing airtime across networks, paying postpaid bills to Kenya Power and buying electricity token has been made easier by Financial Technology Services solution provider Tsenda. Tsenda is a Safaricom PLC’s Paybill-backed system, supported by Kibo Capital’s PaymentGate LLP e-Receipting system. READ ALSO: Aspira ink deal with Xiaomi Mi Home, to enable customers enjoy flexible payment plan With a mobile phone, you can now purchase airtime for any network be it…

Sonko honored yet again in World Humanitarian Awards,2019

By J.Papanoo. Nairobi Governor Mike Sonko has yet again bagged another international award owing to his efforts to make the world a better place. Sonko was given the prestigious World Peace Messenger award by the World Peace and Diplomacy Organization in Los Angeles, USA at a colorful event that also saw Kenyan Betty Adera awarded as a Humanitarian and Global icon. The honorary position means that Sonko is now entitled to the confidence and trust of members of the US based organisation, and will join the rest of African appointees…

Mövenpick Hotel & Residences Nairobi welcomes the Christmas Season with conservation agenda

Mövenpick Hotel & Residences Nairobi marked the beginning of the Christmas Season by setting up a recycled Christmas Tree at the Lobby. The tree by Ocean Sole Africa is made from recycled ocean trash (flip flops), as part of their environmental initiatives to conserve the marine life. Our 6-foot Christmas Tree is made from over 945 recycled flip flops, with 336 hours spent by 15 artists. Mövenpick Nairobi is keen about the environment; and as part of our CSR Initiative, we chose this environmentally friendly Christmas Tree to support a…

Co-op Bank named Best Bank in Kenya at EMEA Finance Awards 2019 in London

From left:The Publisher and CEO EMEA Finance Christopher Moore grants the Best Bank in Kenya 2019 Award to Co-op Bank Economist Anthony Muli and Head of Investor Relations and Strategy James Kaburu at the EMEA Awards gala held recently at the Law Society, in London.PHOTO:COURTESY. By Dennis Muritu The Co-operative Bank has been named Best Bank in Kenya 2019 at this year’s Europe, Middle East and Africa (EMEA) Finance Awards. The EMEA Finance Awards recognise financial institutions which, through their client focus and sound leadership, continue to increase profitability, deliver affordable credit to the…

Basketball now a tool of inspiration to the youths

African Voices Changemakers, CNN International meets the people using basketball to help provide life-changing opportunities to young people. In Nairobi, host Arit Okpo meets James Kamau, the founder of Beyond Hoops Africa. Kamau explains his organisatio n, “We use the beautiful game of basketball to inspire, educate and empower youth.” In his youth, Kamau played for Kenya’s Java Warriors. Returning to the courts the team used to play on, Kamau found them overgrown with weeds, “People from this area have no access which means people that want to start playing…